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Freeing Free Speech

Updated Jan. 24, 2006 12:01 a.m. ET

Free-speech advocates got a shot in the arm yesterday when a unanimous Supreme Court ordered a lower court to re-examine a key challenge to the McCain-Feingold campaign-finance restrictions. With any luck, this could be a first step toward rolling back a "reform" that has served little purpose other than to muzzle the political speech of Americans.

Even the Supreme Court appears to be wondering if it has created a campaign-finance monster, though it would have done better to have considered such a possibility back...